When an economy's resources are not fully employed, then it must be true that the:
A) production point is located outside and to the right of the production possibilities curve.
B) production point is located along the production possibilities curve.
C) production point is located inside and to the left of the production possibilities curve.
D) production possibilities curve shifts to the right.
E) production possibilities curve shifts to the left.
Correct Answer:
Verified
Q72: Efficient production means producing:
A) less than feasible
Q73: What shape is the production possibilities curve
Q74: A production possibilities curve shows the:
A) dollar
Q75: Of factors which affect any economy's production
Q76: Any point on the production possibilities curve
Q78: An efficient economy:
A) uses available resources fully.
B)
Q79: When the production possibilities curve is bowed
Q80: The production possibility curve is bowed outward
Q81: All points on the production possibilities curve
Q82: If an economy is producing at full
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